Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Index

A

1. AARP (American Association of Retired Persons), 686
2. ABC. See activity-based costing (ABC)
3. ABL (asset-based lending), 559
4. absorption costing (full costing)
   1. defined, 496
   2. direct labor, 496–497
   3. direct materials, 496–497
   4. overhead, 496–497
   5. product costs, 496
5. accelerated (declining balance) depreciation method, 130, 132–133
6. accounting. See also accounting methods
   1. cycle of
      1. adjusted trial balance, 11, 13
      2. closing the books, 11, 13
      3. end-of-period procedures, 11–13
      4. financial effects, 11
      5. original entries, 11–12
      6. posting, 11–12
      7. proving out the cash, 150
      8. source document preparation, 10–11
   2. defined, 9
   3. double-entry, 22–26
   4. financial, 10, 50–53
   5. fund, 48
   6. governmental, 46, 48–49
   7. importance of, 7
   8. importance of accuracy, 12–13
   9. international, 46, 49
   10. managerial, 10, 46–47
   11. not-for-profit, 46–48
   12. panoramic view of, 9
   13. periodic nature of, 9
   14. stakeholders, 8
7. accounting equation. See fundamental accounting equation
8. accounting estimates, 336
9. accounting manuals, 13, 660
10. accounting methods
    1. accrual
       1. accounts payable, 46
       2. accounts receivable, 46
       3. cash basis versus, 44
       4. earned criterion, 45
       5. matching principle, 44
       6. realizable criterion, 45
       7. statements of cash flows, 46
       8. switching from cash basis, 45
    2. auditing accounting systems before sale, 586
    3. cash basis
       1. accrual versus, 44
       2. lack of matching principle, 44–45
       3. switching to accrual, 45
    4. changing, 221
    5. general discussion, 43
11. accounting principles
    1. changing, 641–642
    2. disclosing changes in, 335–336
    3. incorrectly applying, 635
12. accounting software
    1. audit trails, ...